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Uh Oh. Spain becomes regulated in terms of online casinos...

Discussion in 'Online Casinos' started by Dipity, Dec 13, 2011.

    Dec 13, 2011
  1. Dipity

    Dipity Dormant account

    Occupation:
    Web Designer
    Location:
    UK
    So, I did read a rumour about it a few months back - looks like its finally official.

    Bwin and Party have both emailed me today to let me know that they are opening Spanish only sites where you can play Poker, Betting, Bingo and classic Casino Games. Everything except Slots basically.

    Apparently from now on all online casinos need to be properly registered with authorities in Spain to offer online gambling, but slots aren't allowed.

    Quote from the Party email:

    As a pure slot player, this is worrying.

    EDIT: More available here: You must register/login in order to see the link.
     
  2. Dec 13, 2011
  3. Silencio

    Silencio Dormant account

    Occupation:
    Webmaster
    Location:
    Netherlands
    Jup gonna be a fun year.. :puke:
    Unibet is leaving the spanish market. That's all I know
     
  4. Dec 13, 2011
  5. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    The article suggests that the exclusion of some forms of gambling is "temporary". More worrying is the 25% tax rate. The UK tried a 15% rate, and got nowhere, with everyone making a beeline for Malta instead. This can only be profitable if Spain has the means to keep the unlicensed operators away, and as seen with the US, easier said than done.
    The result will be a few licensed sites paying 25% tax, and the rogues paying NO tax and out of reach of Spanish laws. The rogues will be able to out compete the licensed sites as they will have that extra 25% to spend on promotions, marketing, etc, which the licensed sites will have to hand over in tax.
    Poker might not work too well because Spanish players can only play against other Spanish players, and the field could be a little thin. This shouldn't be a problem with other products that are player vs house.
     

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